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NYSE · Real Estate

Invitation Homes Inc. (INVH)

As-reported financials and SEC filings for Invitation Homes Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Invitation Homes Inc.

Invitation Homes Inc. owns and operates single-family homes for lease across the United States, primarily in 16 core markets. The company offers updated homes with features valued by residents, focusing on providing high-quality rental housing near jobs and schools. It serves individuals and families seeking the flexibility and convenience of leasing single-family homes.

Snapshot

Revenue
$2.73B
Revenue growth (YoY)
4.2%
Net income
$587.9M
Diluted EPS
$0.96
Gross margin
Operating margin
Net margin
21.5%
FCF margin
ROE
6.1%
net income / fiscal-year-end equity
P/E
26.0×
trailing when available, otherwise FY EPS
Market cap
$16.86B
Long-term debt / equity
0.88×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Invitation Homes

  • Revenue grew 4.2% to $2.7B in FY2025, slower than the 7.7% the year before.
  • Most recent quarter Q2 FY2026: revenue $748M, up 9.7% from Q2 FY2025.
  • Net income rose 29.5% to $588M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Invitation Homes’s fundamentals sit among the 226 Real Estate companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin21.5%
71st percentile of 211
Revenue growth (YoY)+4.2%
50th percentile of 221
ROE6.1%
64th percentile of 195
P/E26.0×
47th percentile of 137
Long-term debt / equity0.88×
43rd percentile of 128
Short interest3.38d
30th percentile of 211

No reported insider transactions (codes P/S) in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
7
2 new, 5 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$548.5M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$141.5M4.7MAdded
Citadel AdvisorsquantQ2 2026$134.9M4.5MReduced
Millennium ManagementquantQ2 2026$127.7M4.2MAdded
D. E. ShawquantQ2 2026$59.0M2.0MAdded
Renaissance TechnologiesquantQ2 2026$31.8M1.1MReduced
Gotham Asset ManagementQ2 2026$29.2M966.8KAdded
Point72 Asset ManagementquantQ2 2026$19.7M653.6KNew
Bridgewater AssociatesQ2 2026$2.9M95.7KAdded
Two Sigma InvestmentsquantQ2 2026$1.8M60.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
12.9M
settled 2026-08-14
Change vs prior
+5.7%
vs previous settlement
Days to cover
3.38
at avg daily volume
Avg daily volume
3.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1412.9M+5.7%3.38
2026-07-3112.2M-6.9%2.90
2026-07-1513.1M-8.2%3.53
2026-06-3014.2M-4.0%1.85
2026-06-1514.8M-20.9%2.55
2026-05-2918.7M+10.3%3.47
2026-05-1517.0M+2.7%3.10
2026-04-3016.5M-13.9%2.95

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.73B$2.62B$2.43B$2.24B$2.00B
Gross profit
Operating income
Net income$587.9M$453.9M$519.5M$383.3M$261.4M
Diluted EPS$0.96$0.74$0.85$0.63$0.45

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$130.0M$174.5M$700.6M$262.9M$610.2M
Current assets
Total assets$18.68B$18.70B$19.22B$18.54B$18.54B
Current liabilities
Long-term debt$8.38B$8.20B$8.55B$7.77B$8.00B
Total liabilities$9.11B$8.91B$9.03B$8.21B$8.70B
Total equity$9.57B$9.79B$10.19B$10.32B$9.84B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.21B$1.08B$1.11B$1.02B$907.7M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$747.5M9.7%$218.8M$0.37
Q1 FY2026$734.1M8.8%$160.5M$0.26
Q4 FY2025$685.3M4.0%$144.6M$0.24
Q3 FY2025$688.2M4.2%$136.7M$0.22
Q2 FY2025$681.4M4.3%$140.9M$0.23
Q1 FY2025$674.5M4.4%$165.7M$0.27
Q4 FY2024$659.1M5.6%$143.1M$0.23
Q3 FY2024$660.3M6.9%$95.3M$0.15

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Operators (No Developers) & Lessors
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1687229

Selected SEC filings

10-K2026-02-19
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-07-08
View on EDGAR →
8-K2026-07-06
View on EDGAR →
8-K2026-06-01
View on EDGAR →

Largest Real Estate peers

All Real Estate companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.